The three-year chart portrays a stock that breached its uptrend line in May of 2013 and has been range bound and trading sideways for the last twelve months. What we can identify is that the boundaries for the range are support at $36.00 and resistance at $41.00. The MACD and the RSI have been generating buy and sell signals as the stock has been oscillating between support and resistance. The sell signal in April of 2013 that came in just before the stock hit its 52-week high of $45.05 and the buy signal in July of 2013 ahead of the 52-week low of $31.20 are worth examining.
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